Market Rate Unit means a Residential Unit that is not an Affordable Unit.
Examples of Market Rate Unit in a sentence
Developer may only change the designation of a Rental Affordable Unit to a new Designated Affordability Level or to a Market-Rate Unit as necessary to allow an Over-Income Tenant to remain in the unit.
More Definitions of Market Rate Unit
Market Rate Unit means a dwelling unit in a Residential Development that is not an Inclusionary Unit.
Market Rate Unit means a Residential Unit that is not an Agency Affordable Housing Unit or a Required BMR Unit.
Market Rate Unit means a Residential Unit that is not an Authority Housing Unit or Inclusionary Unit.
Market Rate Unit is each Residential Unit that is not an Affordable Unit.
Market Rate Unit is defined in the Below-Market Rate Housing Plan. “Mid-Point Date” is defined in Section 2.1.
Market Rate Unit means a Residential Unit that is not an Agency Housing Unit, Workforce Apartment Unit, Inclusionary Unit, or Workforce For-Sale Unit (except that a Workforce For- Sale Unit shall be classified as a Market Rate Unit in the first Fiscal Year after the Fiscal Year in which the five-year anniversary of the first sale of the Workforce For-Sale Unit to a homebuyer occurs, as determined by the Administrator).
Market Rate Unit means a dwelling unit in a residential or mixed-use development that is not restricted in terms of rent or sales price.